write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
Charge offs, the share of debt that the bank can no longer collect, dropped significantly in November.
Capital One Financial Corp (NYSE: COF) has said in a regulatory filing that its annualized net charge offs have dropped.
Net charge offs during the third quarter of 2009 were primarily related to valuation adjustments on several large residential construction loans.